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The Chicago Mercantile Exchange (CME) recently celebrated the one-year anniversary of the launch of XRP futures.
Within a year of their debut, the notional trading volume of these financial instruments has reached approximately $63 billion on the world's largest derivatives exchange as of May 15.
It was on May 19, 2025, that the CME launched two XRP futures:
XRP future contract sized at 50,000 XRP
Micro XRP future contract sized at 2,500 XRP
Both contracts aim to offer investors exposure to the price of XRP.
An XRP futures contract is a regulated derivatives contract that lets traders speculate on or hedge against the future price of XRP without directly owning the cryptocurrency.
These contracts are cash-settled and tied to the CME CF XRP-U.S. Dollar Reference Rate.
Unlike a spot XRP trade, an XRP futures contract allows traders to open long or short positions, take leveraged positions, and gain crypto exposure through a regulated exchange.
It has now been a year since the launch of XRP futures on the CME.
As per the derivatives exchange, these instruments have posted a notional volume of $62.87 billion as of May 15.
Since the product suite's debut, 1.32 million XRP contracts worth 28.6 billion XRP tokens have been traded.
The figures reflect a huge appetite for XRP among institutional investors looking for outsized returns.
However, XRP has lost 40% of its value within the last year.
The cryptocurrency, which hit the all-time high of $3.65 on Jul 18, 2025, was trading at $1.37 at the time of writing.
